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The Warsaw Voice » Real Estate » March 5, 2008
The Real Estate Voice
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Construction Management-An Investor's Companion
March 5, 2008   
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Construction projects are extremely complicated processes and the choice of designer and contractor is just the tip of the iceberg for every investor. There is a vast number of issues to arrange, questions to ponder and tasks to perform.

This range of problems is essentially the same regardless of whether the construction is carried out on a residential tower, an estate of single-family houses, a shopping mall, a factory or a logistics center.

The best scenario
Any project is defined and evaluated using three parameters: budget, schedule and quality for completion. Success largely depends on how precisely the customer's vision is translated into the language of construction; that is, how well the investor's idea, first described as "a water park" or "a modern shopping mall," turns out in the end. A good design is one that contains all the necessary details and is flexible enough to ensure that, if unexpected changes have to be made, the final cost does not exceed the preliminary budget and the completion date is not postponed indefinitely. Such flexibility is provided by construction management, a system under which construction is carried out as a bundle of smaller projects-packages. In Western countries, this has been happening for several decades.

Splitting for better results
In the conventional investment process, with a general contractor, the work proceeds sequentially. It begins with the design which, when ready, is used to select the contractor and only then can the actual construction begin. Here, any alterations in the design cause delays and, more often than not, raise construction costs. Any element that is not designed beforehand may further increase the value of the project and thus jeopardize the finished product.

However, in construction management, the investment process can be divided to allow construction to begin while design work is still in progress. Such division significantly shortens the duration of the whole project. Construction management allows for foundations to be laid and construction work to begin even before the installations inside the building are approved and final design of the facade is ready. These designs can be altered at no extra cost and such alterations do not affect the date when construction starts. More importantly, contact with specialized construction companies allows the application of optimal technical solutions, ensuring high quality at reasonable prices.

Construction management also enables the investor to address unplanned situations during the selection of contractors and even after the contractors begin work. Apart from efficient management over the course of the investment process, the expertise and experience of construction management companies allow them to suggest optimal substitute solutions that still match the previously adopted parameters of the project.

Invaluable help for investors
Naturally, a construction project is not necessarily a winding and bumpy road full of adversities and hassled issues. Even so, construction management can save investors a lot of time and spare them from the stress and unpleasant surprises that may occur.

Artur Dziubak

Business Development Manager Bovis Lend Lease
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